CSX Co. (NASDAQ:CSX) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in CSX Co. (NASDAQ:CSX) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 313,713 shares of the transportation company’s stock after purchasing an additional 8,294 shares during the period. O Shaughnessy Asset Management LLC’s holdings in CSX were worth $10,124,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in CSX during the fourth quarter worth about $31,000. Sierra Ocean LLC purchased a new stake in shares of CSX during the 4th quarter worth about $33,000. Center for Financial Planning Inc. raised its holdings in CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after buying an additional 720 shares during the period. Atala Financial Inc acquired a new position in CSX during the fourth quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC purchased a new stake in CSX during the fourth quarter worth approximately $37,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. BMO Capital Markets reduced their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research note on Friday, March 7th. They issued a “hold” rating and a $34.00 target price for the company. Robert W. Baird reduced their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada reduced their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

CSX Stock Performance

CSX stock opened at $29.43 on Tuesday. The stock’s 50 day simple moving average is $31.68 and its 200 day simple moving average is $33.17. CSX Co. has a 12-month low of $28.98 and a 12-month high of $37.10. The firm has a market cap of $55.47 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.77%. CSX’s dividend payout ratio is 29.05%.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.